@Jackie Liu I have a table in my lease that lists all the utilities and then they are marked as to if the tenant pays them or the landlord pays them.

The IRS has a list of QOZs.

On Page 134, he lists the following when analyzing a deal:Sales Price: $132,490.00Sales Expenses: $17,000.00Loan Balance: $55,004.72Total Invested Capital: $35,950.00Profit: $24,535.28I agree with his thought process here when he calculates net profit, but I'm trying to verify the net profit by adding up all the sources of income over the past five years in his example by doing the following:Appreciation over five years=$12,490 (see chart on Page 133).Cash flow ($297.73x12x5)=$17,863.80 over five years.Loan paydown: ($60,000-55,004.72)=$4,995.28 over five years.Sales Expenses are still $17,000.Doing the math, profit= $12,490+$17,863.80+$4,995.28-$17,000=$18,349.08There is a $6,186.20 difference from the net profit he calculates.My question is: Is this $6,186.20 difference due to the forced appreciation gained in the property from the rehab he does in this example?

. $38.25 - Hamilton Beach Sure-Crisp Air Fryer Toaster Oven - https://www.kohls.com/product/prd-5517879/hamilton-beach-sur...Add the codes SHOP15 and YOUR10 to get the listed price.

Off-market pocket listing from a long-time broker relationship How did you finance this deal?

The cap rates seem to be inconsistent and not aligning with really anything...3% to 5% on older buildings with higher risk, not great tenants, in not great areas and not a lot of cash flow or even negative cash flow based on current listed price.  

I have a self check-in listing on Peerspace.

I see credit cards and car loans as , but I do not see mortgages being paid down by the tenants as debt as bad debt.Because of the 4 reasons that are listed above I was very skeptical and even today I have not went through his whole program.

I've listed some considerations below for financing vs buying in cash for multifamily home. 

Off-market pocket listing from a long-time broker relationship How did you finance this deal?